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financial adviser reveals his true face

Is your DFM investment portfolio a scam?

04/17/2019

The FCA has warned that it has seen an increase in scams ran through discretionary fund managers – often a part of SIPP pensions. DFMs are portfolios of investment bonds The bonds are chosen and managed Portfolios are often rated by risk Many DFMs may involve scams Did you move your pension to a SIPP … Continued

A torch shining a blue light

Torch Wealth Management to pay up over SIPP advice

03/11/2019

Financial advice firm Economic Financial Solutions IFA, which also went by the name of Torch Wealth Management, is set to pay a client compensation over SIPP pension advice. The Financial Ombudsman Service decided that Mr M’s complaint should be upheld, after he said he had suffered “severe financial losses” as a result of Torch Wealth … Continued

Strand Capital update

Strand Capital Insurance May Pay Claims Over Company’s Collapse

06/25/2018

Investment portfolio managers Strand Capital have been in Special Administration for some time now, and now the administrators have put Strand’s professional indemnity insurer ‘on notice’ to pay claims. Welcome News For Strand Investors The news could be just what some Strand clients are hoping to hear, as more details about the collapse become apparent, … Continued

What is a non-standard asset?

FCA probes SIPP providers about number of non-standard investments – what does it mean for your pension?

10/17/2017

Has high-complaints driven the FCA to weigh up options about mis-sold pensions? Regulator asks SIPP providers to show their cards Non-standard investments focal point on investigation What IS a non-standard Investment? Could you be effected? The Financial Conduct Authority has asked all providers of Self-Invested Personal Pensions (SIPPs) to reveal the details of any non-standard … Continued

Beaufort wing to cease to accept new monies or assets

09/11/2017

The list of FCA restrictions to Beaufort operations seems to be growing Beaufort Asset Clearing Services Limited is the latest section of Beaufort to have restrictions added to it’s FCA register record, in this case meaning that the Asset Clearing wing must “cease to accept new monies or assets”, including from either “new or existing … Continued

can we close the loop-hole on pension cold-calls

Collapsed Strand Capital declared in DEFAULT with the FSCS

09/07/2017

This means that the FSCS is convinced that the DFM can’t pay claims made against it The Financial Services Compensation Scheme has declared that Discretionary Fund Manager, Strand Capital, is now in default and cannot pay claims to clients or former clients. It also means that the FSCS is likely to have to step in … Continued

DFM

Organic Investment Management DFM told to re-submit company accounts!

09/04/2017

The DFM’s auditor had a shareholding in the firm, as well as a pension scheme! Organic Investment Management, which had it’s FCA permissions restricted earlier this year so it can no longer accept new money, has now been told to re-submit it’s 2016 accounts, after it was revealed that accountant Roger Bessent “had a stake” … Continued

DFM stops taking new business

DFM Organic Investment Management suspends taking on new money to invest

07/11/2017

Organic Investment Management made the decision after an FCA visit, but the reason is not publicly known at this time Discretionary Fund Management firm, Organic Investment Management has informed independent financial advisers that it is not currently accepting new business into any of its risk-based investment portfolios. The decision, announced to IFAs via an email … Continued

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